Algert Global LLC Makes New $113,000 Investment in Sally Beauty Holdings, Inc. (NYSE:SBH)

Algert Global LLC bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,547 shares of the specialty retailer’s stock, valued at approximately $113,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Sally Beauty in the first quarter worth $64,000. Quest Partners LLC increased its stake in Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after buying an additional 7,243 shares during the period. Meeder Asset Management Inc. bought a new stake in Sally Beauty during the 2nd quarter valued at about $117,000. Evergreen Capital Management LLC boosted its position in Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 2,169 shares during the period. Finally, Intech Investment Management LLC bought a new position in Sally Beauty in the 2nd quarter worth about $148,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Piper Sandler lowered their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average price target of $11.00.

Sally Beauty Stock Up 0.9 %

Shares of NYSE SBH opened at $12.64 on Friday. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.94. The stock’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $11.56. The stock has a market capitalization of $1.30 billion, a PE ratio of 9.22 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analyst estimates of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts expect that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.